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Big Opportunities For India In Sdgs – Fiinovation Reviews
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The year 2015 marked the end of an era of the Millennium Development Goals which was taken up to promote peace and development across the globe. These 8 goals drove the global development agenda since the new millennium paving way for the Sustainable Development Goals (SDGs). The SDGs will be achieved in the next fifteen years and has 17 goals that will make the planet a better place to live. Fiinovation reviews that this is opportune moment of India to review the past efforts and learn from them and look for possible ways to achieve the ambitious and inclusive agenda of SDGs.
Let's understand the factors taking into consideration the health sector.
Factors that will determine the success includes strong political commitment focusing on aggregate targets. The available data needs to be segregated by gender, economic status and geographical location to analyse target areas. In the MDGs neither the economic benefits of good health nor the direct financial consequences of ill-health were sufficiently captured. India will have to ensure the population remains healthy to prosper. Expenditures increase when people fall sick which leads to financial constraints and also significantly diminishes the ability of people to contribute to the economy.
Fiinovation reviews that nearly 60 million people fall into poverty just by paying for healthcare, while many more abstain or delay seeking healthcare due to financial challenges. It can also be noted that the MDGs did not capture the importance of prevention, early detection and response to disease threats. Fiinovation believes that the SDGs provide the opportunity to focus on this important issue of preventing diseases by reducing lifestyle risk factors, specifically tobacco use, food intake, inactivity, and alcohol consumption. The focus needs to be changed from 'more money for health' to 'more health for money'.
The way forward will provide opportunities to ensure healthy lives for all ages. As health is interlinked with several other SDGs such as poverty, gender equality, education, food security, water and santitation etc, it important to look at it holistically. There is scope for health sector to be at the centre of economic growth agenda. India plans to raise public health expenditure to 2.5 per cent of the GDP by 2020. Fiinovation believes that this will help build a robust health system in all aspects and strengthen both the rural and urban components. India also needs to develop a strong system for monitoring, evaluation and accountability.
There are a lot of opportunities for India to improve access to healthcare services and also achieve the sustainable development targets by 2030. Let's hope India is able to implement the plans effectively.
By Rahul Choudhury
Media & Communications, Fiinovation
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